Resale condominium prices rose 6.2% last year

The property market is picking up slowly but surely. Resale private non-landed property prices rose 6.2% over the year in 2017, with an increase of 0.4% in December. Sims Urban Oasis Property market continues in the upward trend The rate of increase in December was the same as that in November. The most promising sign perhaps is that price-increases were reflected across all districts . Prices in the Rest of Central Region (RCR) rose the most at 0.6% while that in the Core Central Region (CCR) and Outside of Central Region (OCR) rose 0.3%. Related : 2018 a year for new launches and resale market Over the 12-month period last year, resale private apartment prices rose across the board. The biggest growth came from the RCR at almost 9%. In the CCR and OCR, the 12-month run ended with prices at 6.2% and 4.4% higher respectively. Resale volume did, however, fall 38.3% in Decem...